ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business trends

India and China emerging as startup hot spots

Silicon Valley is not the only game in town

India's ANI Technologies, operator of the Ola ride-hailing app, recently received a total of $1.1 billion in funding from Tencent Holdings, SoftBank Group and U.S. investors.

MUMBAI -- Investment in Indian startups reached a record high in 2017 amid bigger investments in promising young companies, another sign of Asia's growing prominence in the venture capital world.

A total of $17.6 billion was invested in nonpublic Indian companies in the nine months through September, beating the full-year record of $17.3 billion set in 2015, according to Venture Intelligence, a research arm of India's TSJ Media. The total for all of 2017 could top $20 billion.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more